Investing.com — UBS has raised its forecast for the in a note Thursday, expecting significant fluctuations in the exchange rate over the coming year. The bank now projects the currency pair to reach 155 by December 2024, followed by 152 in March 2025, 150 in June, and 147 in September. By year-end 2025, UBS targets 145,…
Crude Oil support is under pressure as the IEA report adds to the bearish outlook. The monthly report from the IEA bears no change in the narrative for the 2025 outlook. The US Dollar Index rallies further after President-elect Trump secures a majority in both Senate and House. Crude Oil steadies and consolidates recent losses…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
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The Australian dollar is lower for a fifth straight trading day. In the European session, AUD/USD is trading at 0.6467, down 0.27% on the day. The Australian dollar has been a dreadful slide and has plunged 6.4% since Oct. 1. Australia’s employment decelerates Australian’s employment report in October was lukewarm. Employment increased by 15.9 thousand,…
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LONDON (Reuters) – The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency’s relentless rise following Donald Trump’s U.S. election victory. Those developments are swamping British news for investors, although they will be keeping an eye on finance minister Rachel Reeves’ first Mansion House speech…
Markets were quick to buy US Dollar after a minor correction as US CPI was released yesterday. This move might reflect expectations for the coming year, as a USD-positive policy mix under Trump is likely to drive sustained bullishness for the dollar. In the near term, the positioning picture points to a deeper USD correction,…
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2024.11.14 2024.11.14 Pound Loses Ground Against Greenback. Forecast as of 14.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The British pound grows reluctantly on positive economic news and experiences sell-offs against unfavorable data releases. The Bank of England’s hawkish stance initially supported the GBPUSD pair. However, the release of weaker-than-expected labor market data led to a notable decline in the currency…